How is Arbitrary defined in a legal contract?
- Arbitrary means a decision or action that is made without reasonable judgement or understanding of the situation at hand, often disregarding the fundamental aspect of the matter. Seen in 14 SEC filings
- Arbitrary means an amount made public for use only in conjunction with other prices to establish a total cost. It is also referenced as ""Proportional Fare"", ""Basing Fare"", and ""Add-on-fare"". Seen in 7 SEC filings
- Arbitrary means taking action without any rational basis. Seen in 5 SEC filings
- Arbitrary means behavior that can be described as capricious, unreasonable, or implausible, often demonstrated by factoring in irrelevant elements or not taking into account all the key factors. Seen in 5 SEC filings
- Arbitrary means actions taken without any underlying principle or proper justification. Seen in 4 SEC filings
- Arbitrary means actions performed without adequate justification; fixed or arrived at through will or capriciousness, not taking into account or adjusting to principles, conditions, or implications; unreasoned. Seen in 4 SEC filings
- Arbitrary means a decision that is built on improper criteria or fail to conform to established standards or procedures. Seen in 2 SEC filings
Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
Search EDGAR for 'Definitions of arbitrary' yourself to verify these results. We are always keen to point people to source documents.
Which definition should you use?
🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
Arbitrary means an action or decision made without rational judgement or justifiable principle.
Relevant Contract Types
Relevant Circumstances
- Any dispute resolution
- Any decision-making processes within the contract
- Specification of the right of an authority or decision-maker in a contract
Relevant Sectors
Genie Definition 2
Arbitrary means a published amount used only with other prices to calculate a total cost.
Relevant Contract Type
Relevant Circumstances
- Setting up the cost structure in an agreement
- Determining the pricing basis in a contract
- Any financial arrangement where more than one element is used to calculate the full cost
Relevant Sectors
Are you creating, reviewing or negotiating a document?
🚀 Try our AI Legal Assistant! It can suggest a definition just for your specific needs (Simply import your contract, then ask it to draft a definition suitable for your document, that's it!)
Arbitrary means an action or decision made without rational judgement or justifiable principle.
Try using Genie's Free AI Legal Assistant
Generate quality, formatted contracts with AI
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Let our Legal AI make edits for you
Ask Genie to edit your document in the same way you’d ask a paralegal. Genie makes track changes, and explains its thinking just like a junior lawyer would.
AI review
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Book your personalised demo now
